Making Business Books and Accounting Come Alive! MYOB Reckon Xero

MYOB – M-Powered Services – What are they and should I consider it?

A client asked one of our bookkeepers about M-Powered services… “I think he would just like to know about it to decide if it’s beneficial for him or not… No real urgency and might amount to nothing… He said he paid or is paying MYOB and wants to know if he should ‘get his money worth’ and use the service…”

M-Powered needs to be set up directly with the service – it is great for many businesses.

You can get M-Powered for –

Invoices– Gives your clients BPay, A Post, and Credit Card options to pay you, and when you are paid, you get a summary for that day and it loads and applies the payments automatically for you.

Expenses – If you want to pay say a dozen bills at a time each week – not really worth it otherwise for less than that number.

Super– Handy when you have say 5-6 or more employees – costs about $2 per quarter for each employee – best if you have several funds to pay and 5 or more employees, otherwise most super funds can be paid by BPay or online transfer.

All M-Powered costs $10 month or FREE if you are on COVER with MYOB (so that you automatically get the annual software updates and compliance versions).

Usually only worth using if you have volume of expenses and several super funds.

But worth just getting the invoicing – you have to go through an application interview for approval – you call MYOB.

Consider extra features that can be used within MYOB for nominal fees, that can save a lot of time in processing and assist you to look more professional and encourage clients to pay sooner!

M-Powered Invoices

A service that makes it easier for customers to pay you by offering additional options: BPay, credit card online and PostBillPay on your own invoices.

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Over 25 years in business, MYOB Consultant, Reckon/QuickBooks Professional Partner. Self Managed Super set up and administration. We have a team to serve you - admin, bookkeeping, compliance for Aust Business. Call for free answer to your questions. No obligation.